Commodities (Crude Oil & Copper) & Macro Outlook

According to PANews, U.S. inflation data surged across key metrics over the past week, reaching multi-year highs driven by energy price spikes amid Middle East tensions. Traders have largely ruled out the possibility of Federal Reserve rate cuts this year, while bets on rate hikes have increased.

According to China's Ministry of Commerce Safeguard Measures announcement, Australian beef imports under the safeguard measure reached 80% of the designated annual quota on May 15, 2026. When imports reach 100% of the set quota, a 55% additional tariff will be imposed on top of the current

According to Jin10, Iran's parliamentary national security committee announced on May 16 that the country has prepared a mechanism to manage Strait of Hormuz traffic along designated shipping lanes, with details to be disclosed shortly. Under the scheme, only commercial vessels and entities

According to Reuters, UAE Energy Minister Suhail Mazrouei announced today (May 16) that the country's withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ mechanism is a sovereign strategic choice, not a political

According to Gassco, Norway's natural gas transport operator, Visund oil field experienced an unplanned shutdown on May 16–17, reducing daily production by 5.3 million cubic meters.

According to Iraq's Oil Minister, the country exported 10 million barrels of oil through the Strait of Hormuz in April.

According to Iran's state news agency MEHR, Iran stated that shipping through the Strait of Hormuz will return to normal operations once the security situation improves.

According to BlockBeats, AVE transitioned to an on-chain fintech platform on May 16, offering Meme spot trading, prediction markets, on-chain derivatives, stocks, pre-IPO access, precious metals, and oil in a unified interface. GANA Payment announced full support for the partnership, with both

According to FinanceFeeds, as of May 16, the US dollar is rallying amid robust economic data and elevated Treasury yields, with the 10-year yield reaching a 10-month high. Strong retail sales and industrial production have lifted the Atlanta Fed's Q2 GDP estimate to 4.0%, while traders now price a 5

According to a statement from Abu Dhabi's media office on May 15, the UAE is accelerating construction of a new pipeline that bypasses the Strait of Hormuz, with the project led by the Abu Dhabi National Oil Company (ADNOC). Once operational in 2027, the pipeline will double crude oil export

According to Alberta Wildfire and Alberta Regulation of Energy (AER) data, an uncontrolled wildfire spanning 1,043 hectares erupted northwest of Calgary in the Rocky Mountain House region, a major natural gas and light crude oil production area. The fire is located less than 10 kilometers from oil a

According to Guru Club, WTI June crude oil futures closed up 4.25 dollars, rising 4.20 percent, to 105.42 dollars per barrel on May 15. Brent July crude oil futures gained 3.54 dollars, up 3.35 percent, to 109.26 dollars per barrel.

On Friday, May 15, major asset-class ETFs declined broadly. Emerging markets ETF fell 3.43%, gold ETF dropped 2.32%, Barclays U.S. convertible bond ETF declined 1.94%, and Russell 2000 index ETF fell 2.41%. Nasdaq 100 ETF, agricultural funds, U.S. 20+ year Treasury ETF, and real estate ETF shed up t

On Friday, May 15, COMEX silver futures dropped 10.47% to $76.395 per ounce, while COMEX copper futures declined 5.00% to $6.2810 per pound during New York session close. Spot silver fell 9.14% to $78.8808 per ounce. Spot platinum fell 4.14% to $1,977.91 per ounce, and spot palladium declined 2.47%

According to Jin10, on Friday (May 16), the U.S. 10-year Treasury yield surged to 4.595%, marking the highest level since February 2025 and the largest single-day jump in over a year. The 30-year yield climbed to 5.127%, the highest closing level since July 2007. Rising Treasury yields dampened

According to Bloomberg, on Friday the Hyperliquid Policy Center dismissed concerns reportedly raised by Intercontinental Exchange and CME Group to the CFTC, arguing that the decentralized exchange's transparent architecture is hostile to insider trading and price manipulation. "Hyperliquid's transpa

According to Petrobras CEO Magda Chambriard, the company plans to develop two production wells at an unnamed recent discovery in the Aram block of Brazil's Santos Basin by 2030.

According to U.S. media reports, on May 16, the Trump administration's Interior Department announced a streamlined permitting process for oil projects in Alaska's National Petroleum Reserve, targeting a 30-day review and approval timeline for eligible projects. The initiative aims to accelerate

According to Venezuela's state oil company PDVSA, a gas processing facility at Maracaibo Lake experienced an explosion. A technical committee will investigate the causes of the incident. PDVSA stated that the explosion does not affect the continuity of oil and gas operations in Venezuela's

According to the U.S. Commodity Futures Trading Commission (CFTC), speculators reduced their net long positions in NYMEX WTI crude oil by 10,947 contracts for the week ending May 12, bringing the total to 95,332 contracts.